I do respect O'Higgins and I have his book beating the dow. All I meant is this sort of talk of a depression is usualy heard around the end of bear markets. There is/was tons of doom and gloom talk out there on the Economy. This is not the sort of talk you hear when the market is making new highs. If you recall, the talk around the peak was how great everything was. Couldn't be better! Then it's time to watch out below. Now it's the opposite. Doom and gloom you could cut with a knife.